It accommodates many variations in circumstances that create threats to compliance with the fundamental principles and can deter a professional accountant from concluding that a situation is permitted if it is not specifically prohibited.Select one:a.auditingb.public interestc.conceptual framework approachd.code of ethics

Which of these is not identified as a type of threat to compliance with the fundamental principles in the ethical standards applicable to professional accountants in public practice?Group of answer choicesfamiliarityself-interestadvertisingself-review

When a professional accountant identifies threats to compliance with the fundamental principles and, based on an evaluation of those threats, determines that they are not at an acceptable level, the professional accountant shallSelect one:a.decline or discontinue the specific professional service involvedb.determine whether appropriate safeguards are available and can be applied to eliminate the threats or reduce them to anacceptable level.c.take qualitative as well as quantitative factors into account when evaluating the significance of a threat.d.evaluate any threats to compliance with the fundamental principlesClear my choice

The code of Professional Ethics for CPAs states, in part, that a CPA should maintain a high degree of integrity and objectivity in all his actuations. Objectivity in said Code refers to a CPA's ability:Select one:a.To maintain an impartial attitude on all matters which come under the CPA's reviewb.To independently choose between alternate accounting principles and auditing standards.c.To independently distinguish between accounting practices that are acceptable and those that are not.d.To be unyielding in all matters dealing with auditing procedures

.Question 3How is auditing related to accounting?

Factors to consider include:The nature, scope, intended use and purpose of the service.The degree of reliance that will be placed on the outcome of the service in the audit.The legal and regulatory environment in which the service is provided.Whether the client is a public interest entity.Whether it is material;The degree of subjectivity involved.The client’s level of expertise concerning the type of service provided.Whether the outcome will affect the accounting records or matters reflected in the financial statements, and, if so:Whether it is material;The degree of subjectivity involved.The extent of the client’s involvement in determining significant matters of judgment.The degree of reliance that will be placed on the outcome of the service in the audit.Whether the client is a public interest entity.The fee for the NAS.